South Korea’s gaming giant Krafton has acquired a controlling stake in Indian gaming studio Nautilus Mobile for $14 million, aiming to strengthen its mobile cricket games in the Indian market. Nautilus, known for its Real Cricket franchise, will continue to operate independently, with plans to expand globally and explore new genres under Krafton’s ownership. The deal reflects Krafton’s strategic focus on India’s growing mobile gaming market, beyond the success of its flagship title BGMI, with the company investing over $200 million in the country to date.
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EU fines Apple, Meta millions for breaching tech competition rules
The European Union has imposed fines on Apple and Meta for violations of the Digital Markets Act, with Apple facing a €500 million (approximately $568 million) penalty and Meta receiving €200 million (about $227 million). The EU's accusations against Apple center on its non-compliance with regulations requiring app developers to inform customers about alternative purchasing options. These actions highlight the EU's commitment to enforcing digital market regulations to promote fair competition and consumer choice within...
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